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Tianjin Tianbao Energy Proposes Governance Structure Overhaul

Story Highlights
  • Tianjin Tianbao Energy plans to abolish its Board of Supervisors, transferring its functions to the Audit Committee.
  • The proposed governance changes require shareholder approval and aim to enhance corporate governance.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Tianjin Tianbao Energy Proposes Governance Structure Overhaul

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An announcement from Tianjin Tianbao Energy Co., Ltd. Class H ( (HK:1671) ) is now available.

Tianjin Tianbao Energy Co., Ltd. has announced proposed amendments to its Articles of Association, including the abolition of its Board of Supervisors, with its functions to be transferred to the Audit Committee of the Board of Directors. These changes, which align with new regulatory guidelines, aim to improve corporate governance and require approval from shareholders at a general meeting. The amendments also include updates to the Rules of Procedures for the General Meeting and Board Meetings, reflecting the company’s commitment to aligning with updated corporate governance standards.

The most recent analyst rating on (HK:1671) stock is a Hold with a HK$1.00 price target. To see the full list of analyst forecasts on Tianjin Tianbao Energy Co., Ltd. Class H stock, see the HK:1671 Stock Forecast page.

More about Tianjin Tianbao Energy Co., Ltd. Class H

Tianjin Tianbao Energy Co., Ltd. is a joint stock company incorporated in the People’s Republic of China, operating in the energy sector. The company is listed on the Hong Kong Stock Exchange and focuses on energy-related services and products.

Average Trading Volume: 235,254

Technical Sentiment Signal: Buy

Current Market Cap: HK$137.5M

For a thorough assessment of 1671 stock, go to TipRanks’ Stock Analysis page.

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